Calculation of Settlement Shares Sample Clauses

The "Calculation of Settlement Shares" clause defines the method by which each party's portion of a settlement amount is determined. Typically, this involves specifying a formula or criteria—such as relative contributions, losses, or agreed percentages—that dictate how the total settlement is divided among the parties involved. For example, in a multi-party dispute, the clause may state that each party receives a share proportional to their original claim or liability. The core function of this clause is to ensure a transparent and equitable distribution of settlement funds, thereby preventing disputes over allocation and facilitating efficient resolution.
Calculation of Settlement Shares. The Settlement Share to which each Final Settlement Class Member is eligible (provided they file a valid claim, as described below) shall be calculated by first allocating a minimum Settlement Share of twenty-five dollars ($25.00) to each Settlement Class Member. After such allocation, the remainder of the Maximum Distributable Amount shall additionally be allocated among the Settlement Class Members as follows:
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Calculation of Settlement Shares. For all restaurants other than North Dartmouth, class members’ settlement shares shall be calculated as follows: each class member shall receive a share proportional to hours worked as a server during the applicable time period, but hours worked during the period before January 18, 2008 will be weighted at 1/6 as compared with hours after January 18, 2008. Additionally, class members who submit claim forms will receive minimum payments of at least $75. Class members from the North Dartmouth restaurant will be entitled to a maximum payment of $500.
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Calculation of Settlement Shares. After deducting the Court-approved amounts above, the remaining balance of the Gross Settlement Amount will form the Net Settlement Amount (“NSA”). The NSA is currently estimated at $356,200.00. The Settlement Administrator will calculate payments from the NSA to all participating Settlement Class Members, as follows:
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Calculation of Settlement Shares. Prior to mailing the Class Notice and Claim and Exclusion Forms, the Parties shall provide an agreed-upon calculation to the Claims Administrator with each Final Settlement Class member’s estimated Settlement Share, which shall be noted on the Claim Form. Settlement Shares shall be calculated using the following formulae:
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Calculation of Settlement Shares. The Settlement Administrator shall assign to each Settlement Class Member a “Settlement Share” which shall be calculated by multiplying that Settlement Class Member’s Settlement Ratio by the Net Settlement Amount and then subtracting any Prior Settlement Payments received by that Settlement Class Member.
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Related to Calculation of Settlement Shares

  • Termination of Settlement If the Settlement is terminated as provided in the Stipulation, this Order shall be vacated, rendered null and void and be of no further force and effect, except as otherwise provided by the Stipulation, and this Order shall be without prejudice to the rights of Plaintiffs, the other Class Members and Defendants, and the Parties shall revert to their respective positions in the Action as of immediately prior to August 24, 2015, as provided in the Stipulation.

  • Net Share Settlement If Net Share Settlement is applicable to any Option exercised or deemed exercised hereunder, Dealer will deliver to Counterparty, on the relevant Settlement Date for each such Option, a number of Shares (the “Net Share Settlement Amount”) equal to the sum, for each Valid Day during the Settlement Averaging Period for each such Option, of (i) (a) the Daily Option Value for such Valid Day, divided by (b) the Relevant Price on such Valid Day, divided by (ii) the number of Valid Days in the Settlement Averaging Period; provided that in no event shall the Net Share Settlement Amount for any Option exceed a number of Shares equal to the Applicable Limit for such Option divided by the Applicable Limit Price on the Settlement Date for such Option. Dealer will pay cash in lieu of delivering any fractional Shares to be delivered with respect to any Net Share Settlement Amount valued at the Relevant Price for the last Valid Day of the Settlement Averaging Period.

  • Settlement Shares With respect to any Settlement Date other than the Final Date, the number of Shares designated as such by Counterparty in the relevant Settlement Notice or designated by Dealer pursuant to the “Termination Settlement” provisions of Paragraph 7(g) below, as applicable; provided that the Settlement Shares so designated shall (i) not exceed the Number of Shares at that time and (ii) in the case of a designation by Counterparty, be at least equal to the lesser of 100,000 and the Number of Shares at that time, in each case with the Number of Shares determined taking into account pending Settlement Shares; and

  • Cash Settlement If Cash Settlement is applicable to any Option exercised or deemed exercised hereunder, in lieu of Section 8.1 of the Equity Definitions, Dealer will pay to Counterparty, on the relevant Settlement Date for each such Option, an amount of cash (the “Cash Settlement Amount”) equal to the sum, for each Valid Day during the Settlement Averaging Period for such Option, of (i) the Daily Option Value for such Valid Day, divided by (ii) the number of Valid Days in the Settlement Averaging Period.

  • CASH SETTLEMENT OPTION The undersigned Existing Tranche C Term Lender hereby irrevocably and unconditionally approves of, and consents to, the Amendment and having 100% of the outstanding principal amount of the Tranche C Term Loans held by such Existing Term Lender repaid on the Third Amendment Effective Date and to purchase by assignment Tranche D Term Loans in a like principal amount. By choosing this option, each undersigned Lender hereby acknowledges and agrees that the Administrative Agent may, in its sole discretion, elect not to allocate to such Lender or to allocate less than 100% of the principal amount of such Lender’s Tranche C Term Loans in Tranche D Term Loans. Northwoods Capital XIV, Limited By: ▇▇▇▇▇▇, ▇▇▇▇▇▇ & Co., LP As Collateral Manager By: /s/ ▇▇▇▇▇▇▇ ▇’▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇’▇▇▇▇▇▇ Title: Authorized Signatory ☑ CASHLESS ROLLOVER OPTION Each undersigned Existing Tranche C Term Lender hereby irrevocably and unconditionally approves of, and consents to, the Amendment and the exchange (on a cashless basis) of 100% of the outstanding principal amount of the Tranche C Term Loans held by such Lender for a Tranche D Term Loan in a like principal amount. By choosing this option, each undersigned Lender hereby acknowledges and agrees that the Administrative Agent may, in its sole discretion, elect not to exchange any amount of such Lender’s Tranche C Term Loans for Tranche D Term Loans or to exchange (on a cashless basis) less than 100% of the principal amount of such Lender’s Tranche C Term Loans for Tranche D Term Loans, in which case the difference between the current principal amount of such Lender’s Tranche C Term Loans and the allocated principal amount of Tranche D Term Loans will be prepaid on, and subject to the occurrence of, the Third Amendment Effective Date.